Topic: Economic Growth

Fitch Drops US Creditworthiness: Spending is the Reason

– August 17, 2023

“The government should focus on fiscal responsibility and better budget management to avoid a deepening spending crisis, exacerbating Americans’ existing economic burden.” ~ Vance Ginn


The Great Enrichment Was Enriching From the Start

– August 16, 2023

“Countless critics of the industrial revolution deny that Britain’s stupendous economic growth beginning in the mid-18th century produced benefits for ordinary people who lived through those early years of growth.” ~ Donald J. Boudreaux


State Development Incentives:  The Only Solution is Not to Play

– August 15, 2023

“The incentives of politicians and the goals of citizens can diverge, and nowhere is that divergence more obvious than in the case of targeted, private benefits to specific corporations paid for at public expense.” ~ Michael Munger


How Will America’s Borrow and Spend Politicians Pay for an Imperial Foreign Policy?

– August 11, 2023

“Serious efforts to control deficits and debt will require a series of politically painful decisions. The only way to make such unpalatable fiscal sacrifices possible is to kill all the sacred cows, including the Pentagon.” ~ Doug Bandow


Messi is Moving to Miami: Who’s the Biggest Winner?

– July 16, 2023

“Many would argue that this is problematic for the average fan who is not able to afford to pay for tickets. Is it fair that the die-hard fans, who have consistently been going to games, now face extraordinary costs to see Messi?” ~ Laura Arce


Global Well-being Inequality Is Falling!

– July 6, 2023

“The Human Progress Index (HPI), amalgamates eight important indicators of well-being from 1990 to 2018: infant mortality, life expectancy, nutrition, deaths from outdoor air pollution, schooling, political liberty, internet access and GDP per capita.” ~ Vincent Geloso


America Needs More McJobs

– June 27, 2023

“The market process allows low-skill people to specialize in what they do best while freeing up high-skill people who can concentrate their efforts on things they do best. Everybody wins, and in some small way, you have a part in every achievement by every bleary-eyed customer for whom you dutifully pour coffee on their morning commute.” ~ Art Carden


On the Mercantilist and Monarchial Origins of the Concept of the ‘Balance of Trade’

– June 26, 2023

“Unlike a profit-seeking company, an economy doesn’t exist to maximize the amount of money it brings in, net of its costs, on sales of its outputs.” ~Donald J. Boudreaux


Economic Growth Theories Fall into the Dustbin of History (And That’s Okay)

– June 6, 2023

“So, while prominent economists were spinning their unsatisfying theories and lamenting the vicious cycle of poverty, the world got better—on its own.” ~ Jane Shaw Stroup


Don’t Listen to De-growthers — Economic Growth Is Healthy!  

– June 3, 2023

“The wealthier we are, the easier it is to tackle the ‘hard’ health issues. ” ~ Vincent Geloso


Continuing to Get Straight the Facts About the American Economy

– May 31, 2023

“Despite governments at the local, state, and federal levels all obstructing, in various ways, the process of entrepreneurial wealth creation, the robustness of the American economy continues to impress.”


Two Cheers for Gramm and Solon

– May 31, 2023

“Excessive government spending makes us less productive than we otherwise would be, resulting in a permanently lower level of employment and output.” ~ Alexander W. Salter